30-Day Notice of Proposed Information Collection: Emergency Homeownership Loan Program-Data Requirements, 68903 [2014-27297]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 79, Number 223 (Wednesday, November 19, 2014)]
[Notices]
[Page 68903]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27297]



[[Page 68903]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-93]


30-Day Notice of Proposed Information Collection: Emergency 
Homeownership Loan Program--Data Requirements

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: December 19, 2014.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email at Colette Pollard@hud.gov or 
telephone 202-402-3400. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339. This is not a toll-free number. Copies of 
available documents submitted to OMB may be obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
September 3, 2014.

A. Overview of Information Collection

    Title of Information Collection: Emergency Homeownership Loan 
Program--Data Requirements.
    OMB Approval Number: 2502-0597.
    Type of Request: Extension.
    Form Number: HUD-96020, HUD-96021a, HUD-96021b, HUD-96022, HUD-
96023a, HUD-96023b, HUD-96024, HUD-96023, HUD-96025a, HUD-96025b, HUD-
96026.
    Description of the need for the information and proposed use: This 
information collection is necessary to determine applicant eligibility 
to receive mortgage relief assistance under the Emergency Homeowners' 
Loan Program. This Notice informs the public that the U.S. Department 
of Housing and Urban Development (HUD) has submitted to OMB, an 
information collection package with respect to implementing the 
Emergency Homeowners' Loan Program targeted to borrowers facing 
foreclosure.
    The Dodd-Frank Wall Street Reform and Consumer Protection Act, 2010 
(Pub. L. 111-203, approved July 21, 2010, Sec 1496) appropriated 
$1billion to HUD to establish an Emergency Homeowner's Relief Fund, 
pursuant to section 107 of the Emergency Housing Act of 1975, that will 
provide emergency mortgage assistance to homeowners that are at risk of 
foreclosure due to involuntary unemployment or underemployment due to 
an adverse economic or medical condition. Accordingly, HUD is 
implementing the Emergency Homeowners Loan Program (EHLP) that is 
designed to offer a declining balance, deferred payment ``bridge loan'' 
(non-recourse, subordinate loan with zero interest) for up to $50,000 
to assist eligible homeowners with payments of arrearages, including 
delinquent taxes and insurance. Additionally, EHLP may be used to 
assist eligible homeowners with up to 24 months of monthly payments on 
their mortgage principal, interest, mortgage insurance premiums, taxes, 
and hazard insurance. Assistance will not exceed $50,000 per eligible 
homeowner.
    HUD will use two approaches to implement EHLP: (1) Provide 
allocations to States that currently have substantially similar 
programs to administer their mortgage relief funds directly; and (2) 
delegate key administrative functions to third party entities that will 
assist HUD with program implementation. The third party entities will 
be primarily responsible for application intake, eligibility screening, 
funds control, payment distribution, and note processing.
    Homeowners' (borrowers') participation in the program is voluntary. 
However, to help determine eligibility for assistance borrowers must 
submit the required application information and loan documentation to 
demonstrate that they meet program eligibility guidelines to receive 
mortgage relief assistance through EHLP.
    Respondents (i.e. affected public): Application for benefits.
    Estimated Number of Respondents: 36,264.
    Estimated Number of Responses: 244,520.
    Frequency of Response: Annually.
    Average Hours per Response: 3.
    Total Estimated Burdens: 229,304.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility;
    (2) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to minimize the burden of the collection of information on 
those who are to respond; including through the use of appropriate 
automated collection techniques or other forms of information 
technology, e.g., permitting electronic submission of responses.
    HUD encourages interested parties to submit comment in response to 
these questions.

     Authority:  Section 3507 of the Paperwork Reduction Act of 
1995, 44 U.S.C. Chapter 35.

    Dated: November 12, 2014.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2014-27297 Filed 11-18-14; 8:45 am]
BILLING CODE 4210-67-P